Independence currency plan ‘could prompt bank run’

A move to a separate Scottish currency could see Scottish-based savers and depositors rushing for the Border to ensure their cash stays in sterling, a leading economist has warned. After pro-independence supporters criticised Alex Salmond’s “keep the pound” policy, a major conference in Edinburgh heard that, while a switch to a new Scottish currency was feasible, it could trigger turmoil in high-street banks.
Dr Angus Armstrong, the director of macroeconomic research at the National Institute of Economic and Social Research, said people in Scotland – especially firms and individuals with substantial savings – would ask themselves: “Do you think the Scottish pound would be lower than the UK pound?”……………………………………….Full Article: Source